Upsales Technology AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 27, 2022 at 07:30 am
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Upsales Technology AB (publ) reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was SEK 34.02 million compared to SEK 23.77 million a year ago. Revenue was SEK 34.48 million compared to SEK 23.76 million a year ago. Net income was SEK 4.58 million compared to SEK 1.79 million a year ago. Basic earnings per share from continuing operations was SEK 0.27 compared to SEK 0.11 a year ago. Diluted earnings per share from continuing operations was SEK 0.27 compared to SEK 0.11 a year ago.
For the six months, sales was SEK 65.48 million compared to SEK 47.31 million a year ago. Revenue was SEK 66.17 million compared to SEK 47.32 million a year ago. Net income was SEK 7.65 million compared to SEK 5.02 million a year ago. Basic earnings per share from continuing operations was SEK 0.46 compared to SEK 0.3 a year ago. Diluted earnings per share from continuing operations was SEK 0.46 compared to SEK 0.3 a year ago.
Upsales Technology AB is a Sweden-based software company. It develops, markets and sells a cloud-based software, SaaS (software as a service), for CRM (customer relationship management), marketing automation and analysis. The Companyâs analysis tool helps the customers to gain better insight into the deal and can derive income from specific market initiatives. The Company is focused on B2B (business to business) companies, primarily SMEs (small and medium enterprises) active in the IT (information technology) and software, media and financial services industries, among others.